Financial Focus: Are you an 'efficient' investor?

6:00 PM,
Sep. 3, 2013

Written by

Wil Adams, AAMS
Financial advisor with Edward Jones

Generally speaking, if you're efficient at a particular task, you'll get good results without wasting effort. As you've already learned from your life experiences, it's usually far better to be efficient at something than to be inefficient - and that's certainly true with investing.

So, what can you do to become a more efficient investor? Here are a few ideas:

? Invest systematically. If you put a few dollars in an investment, such as a stock, that you heard was "hot," and then a few months later put some more money in another vehicle that strikes your fancy, and you continue this pattern ...